Financial Examiner Education Requirements

Financial examiners are in charge of protecting the interest of the consumers. They ensure that the financial institutions invested in are all in order. In order to become such a professional, one must be updated about the new regulations and rules of the government.

There are constant changes which take place. Acquiring education for this field is important. This job requires that the examiner knows and can modify certain rules accordingly.

There is a lot of money involved when it comes to financial institutions. It is the job of the financial examiner to assess and check whether the money is being put where it is required. This job is relevant for credit unions, insurance companies, securities firms, and other such places where investment and deposits are required.

Such institutes make money from the consumers who invest their money. The financial examiner scans account reports, ledgers, and such documents for the customers. There are various colleges and universities which offer courses for the aforesaid career profile.

Financial Examiner Education Requirements

In order to become a financial examiner one must ensure the following:

  • One must have a high school diploma with a high GPA in mathematics and economics.
  • Since this job is relevant in other posts such as finance director or internal auditor, colleges and universities offer courses on Accountancy, Business Management and Economics.
  • The requirements can vary as per the institution hiring. One should have a bachelor’s degree in finance. One can also go for an associate degree in a more specialized field such as a Community Reinvestment Act/CRA or BSA/AML officer.
  • Certification is available as well through the Society of Financial Examiners (SOFE). One can become a Automated Examination Specialists and Certified Financial Examiner by completing the exam and gaining some experience

Financial Examiner Degrees, Courses and Certification

  • Bachelor’s Degree in Finance, Accountancy, Business Management
  • Associate Degree in CRA or BSA/AML
  • Master’s Degree in Business Management
  • Certification from Society of Financial Examiners (SOFE)

Financial Examiner Qualification and Training

Training is the most important and is part of the educational courses. Internships and workshops help in understanding processes such as ledger analysis, making financial reports and handling different clients at the same time. It is crucial to have some professional experience before settling in this career.

Financial Examiner Colleges and Universities

Financial Examiner Wages and Salaries

The average salary of a financial examiner can range from $67,800 to $97,900 depending on the employer.

Category: Finance Education Requirements

Leave a Reply